Rent the Runway Jumps in Public Market Debut 

The clothing-rental company had 112,000 active subscribers at the end of September, compared with 134,000 at the end of 2019.

Third Point Urges Shell to Split After Taking Big Stake 

The activist hedge fund, with a stake worth well over $500 million, is pushing the oil giant to separate into two companies to attract investors as many flee stocks seen as environmentally unfriendly.

Hertz Links Up With Uber to Offer 50,000 Tesla Rentals 

The deal comes days after Hertz, which has emerged from pandemic-induced bankruptcy, said it was making a significant investment in an electric-vehicle rental fleet.

GM Profit Sinks as Chip Shortage Takes Toll 

The Detroit auto maker, reporting record pricing and a lucrative mix of higher-profit SUVs and trucks, said its full-year profit would finish at the high end of its prior estimate.

Boeing Reports Loss, Hit by Dreamliner and Starliner Setbacks 

The plane maker had a net loss of $132 million, as 787 Dreamliner production problems and its latest space-launch setback offset a recovery in demand for new aircraft.

Glaxo Earnings Beat Expectations. CEO Says Her Plan Is Working. 

Amid an assault from activist investors, GlaxoSmithKline CEO Emma Walmsley said the company's third-quarter financial results show that her strategy is on the right track.

Promising Covid-19 Pill Licensed to Nonprofit to Increase Global Supply 

Merck is licensing molnupiravir, an antiviral it developed with Ridgeback Biotherapeutics, to a group that will pick drugmakers to make the pill for low- and middle-income countries.

Telecom Mogul's Family Feud Creates Boardroom Chaos for Canadian Telecom 

The split over control of Rogers Communications has exposed family grievances, confused employees and investors, and complicated a pending $16 billion takeover.

Kraft Heinz Raises Full-Year Outlook as It Tackles Inflation 

The food maker posted net income attributable to shareholders of $733 million, compared with $597 million a year earlier.

McDonald's Raises Menu Prices as U.S. Worker Wages Climb 

The burger giant says it is trying to keep pace with rapidly growing costs, with wages alone up at least 10% so far this year at U.S. restaurants.


(END) Dow Jones Newswires

October 27, 2021 13:15 ET (17:15 GMT)

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